Common use of Termination of Prior Arrangements Clause in Contracts

Termination of Prior Arrangements. The parties hereto acknowledge and agree that this Agreement supersedes and terminates all existing severance agreements or arrangements between the Company or any of its affiliates and the Executive.

Termination of Prior Arrangements. The parties hereto acknowledge and agree that this Agreement supersedes and terminates all existing severance agreements or arrangements between the Company or any of its affiliates and the Executive, including, without limitation, the agreement between the Company and the Executive, dated September 24, 1994.